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Archivo del Autor: Belen De Leon

Zuckerberg gets joint summons from UK and Canadian parliaments

Two separate parliamentary committees, in the UK and Canada, have issued an unprecedented international joint summons for Facebook’s CEO Mark Zuckerberg to appear before them.

The committees are investigating the impact of online disinformation on democratic processes and want Zuckerberg to answer questions related to the Cambridge Analytica-Facebook user data misuse scandal, which both have been probing this year.

More broadly, they are also seeking greater detail about Facebook’s digital policies and information governance practices — not least, in light of fresh data breaches — as they continue to investigate the democratic impacts and economic incentives related to the spread of online disinformation via social media platforms.

In a letter sent to the Facebook founder today, the chairs of the UK’s Digital, Culture, Media and Sport (DCMS) committee and the Canadian Standing Committee on Access to Information, Privacy and Ethics (SCAIPE), Damian Collins and Bob Zimmer respectively, write that they intend to hold a “special joint parliamentary hearing at the Westminster Parliament”, on November 27 — to form an “‘international grand committee’ on disinformation and fake news”.

“This will be led by ourselves but a number of other parliaments are likely to be represented,” they continue. “No such joint hearing has ever been held. Given your self-declared objective to “fix” Facebook, and to prevent the platform’s malign use in world affairs and democratic process, we would like to give you the chance to appear at this hearing.”

Both committees say they will be issuing their final reports into online disinformation by the end of December.

The DCMS committee has already put out a preliminary report this summer, following a number of hearings with company representatives and data experts, in which it called for urgent action from government to combat online disinformation and defend democracy — including suggesting it look at a levy on social media platforms to fund educational programs in digital literacy.

Although the UK government has so far declined to seize on the bulk of the committee’s recommendations — apparently preferring a ‘wait and gather evidence’ (and/or ‘kick a politically charged issue into the long grass’) approach.

Meanwhile, Canada’s interest in the democratic damage caused by so-called ‘fake news’ has been sharpened by AIQ, the data company linked to Cambridge Analytica, as one of its data handlers and system developers — and described by CA whistleblower Chris Wylie as essentially a division of his former employer — being located on its soil.

The SCAIPE committee has already held multiple, excoriating sessions interrogating executives from AIQ, which have been watched with close interest by at least some lawmakers across the Atlantic…

At the same time the DCMS committee has tried and failed repeatedly to get Facebook’s CEO before it during the course of its multi-month inquiry into online disinformation. Instead Facebook despatched a number of less senior staffers, culminating with its CTO — Mike Schroepfer — who spent around five hours being roasted by visibly irate committee members. And whose answers left it still unsatisfied.

Yet as political concern about election interference has stepped up steeply this year, Zuckerberg has attended sessions in the US Senate and House in April — to face (but not necessarily answer) policymakers’ questions.

He also appeared before a meeting of the EU parliament’s council of presidents — where he was heckled for dodging MEPs’ specific concerns.

But the UK parliament has been consistently snubbed. At the last, the DCMS committee resorted to saying it would issue Zuckerberg with a formal summons the next time he stepped on UK soil (and of course he hasn’t).

They’re now trying a different tack — in the form of a grand coalition of international lawmakers. From two — and possibly more — countries.

While the chairs of the UK and Canadian committees say they understand Zuckerberg cannot make himself available “to all parliaments” they argue Facebook’s users in other countries “need a line of accountability to your organisation — directly, via yourself”, adding: “We would have thought that this responsibility is something that you would want to take up. We both plan to issue final reports on this issue by the end of this December, 2018. The hearing of your evidence is now overdue, and urgent.”

“We call on you to take up this historic opportunity to tell parliamentarians from both sides of the Atlantic and beyond about the measures Facebook is taking to halt the spread of disinformation on your platform, and to protect user data,” they also write.

So far though, where non-domestic lawmakers are concerned, it’s only been elected representatives of the European Union’s 28 Member States who have proved to have enough collective political clout and pulling power to secure a little facetime with Zuckerberg.

So another Facebook snub seems the most likely response to the latest summons.

“We’ve received the committee’s letter and will respond to Mr Collins by his deadline,” a Facebook spokesperson told us when asked whether it would be despatching Zuckerberg this time.

The committee has given Facebook until November 7 to reply.

Perhaps the company will send its new global policy chief, Nick Clegg — who would at least be an all-too familiar face to Westminster lawmakers, having previously served as the UK’s deputy PM.

Even if Collins et al’s latest gambit still doesn’t net them Zuckerberg, the international coalition approach the two committees are now taking is interesting, given the challenges for many governments of regulating global platforms like Facebook whose user bases can scale bigger than some entire nations.

If the committees were to recruit lawmakers from additional countries to their joint hearing — Myanmar, for example, where Facebook’s platform has been accused of accelerating ethnic violence — such an invitation might be rather harder for Zuckerberg to ignore.

After all, Facebook does claim: “We are accountable.” And Zuckerberg is its CEO. (Though it does not state who exactly Facebook/Zuckerberg feels accountable to.)

While forming a joint international committee is a new tactic, UK and Canadian lawmakers and regulatory bodies have been working together for many months now — as part of their respective inquiries and investigations, and as they’ve sought to unpick complex data trails and understand transnational corporate structures.

One thing is increasingly clear when looking at the tangled web where politics and social media collide (with mass opinion manipulation the intended outcome): The interconnected, cross-border nature of the Internet, when meshed with well-funded digital political campaigning — and indeed buckets of personal data, is now placing huge strain on traditional legal structures at the nation-state level.

National election laws reliant on regulating things like campaign spending and joint working, as the UK’s laws are supposed to, simply won’t work unless you can actually follow the money and genuinely map the relationships.

And where use of personal data for online political ad-targeting is concerned, ethics must be front and center — as the UK’s data watchdog has warned.


Source: TechCrunch

Handshake, a LinkedIn for university students and diversity, raises $40M on a $275M valuation

LinkedIn has created and — with 562 million users — leads the market in social platforms for people who want to network with others in their professions, and look for jobs. Now a startup that hopes to take it on in a specific niche — university students and recent grads, with a focus on diversity and inclusion — has raised a substantial round to grow. Handshake, a platform for both students looking to take their early career steps and employers who want to reach them, has raised $40 million in a Series C round of funding, after hitting 14 million users in the U.S. across 700 universities, and 300,000 employers targeting them.

The company is now valued at $275 million post-money, according to figures from PitchBook, a big leap on its valuation at the Series B stage two years ago, when it was valued at $108 million.

The funding is notable not just for that valuation hike — and the implication that many think it could give Microsoft-owned LinkedIn a run for its money among 20-somethings — but for who is doing the backing.

The round was led by EQT Ventures, the investment arm of European holding company and PE firm EQT, with participation also from several investment organizations that have put a focus on backing interesting startups in the education sphere, including the Chan Zuckerberg Initiative, Omidyar Network, Reach Capital; as well as True Ventures, Kleiner Perkins, Lightspeed Venture Partners, Spark Capital and KPCB Edge. Several of these are repeat investors and the total raised by Handshake — not to be confused with the B2B e-commerce platform of the same name — to $74 million.

To date, Handshake has only been active in the U.S. The company was founded in 2014 originally named Stryder by three graduates of the University of Michigan — Garrett Lord (currently the CEO), Scott Ringwelski (CTO) and Ben Christensen (a board member). The plan is to use the new funding to expand into more markets like Europe, using EQT’s network of businesses in the region to help it along.

LinkedIn has been making a lot of efforts over the years to court younger users and bring them into the LinkedIn fold earlier.

In 2013, the company lowered its minimum age for users to 13 and launched dedicated pages for universities. In 2014, LinkedIn started to add in more tools for younger users to connect with universities and their university-related networks on the platform. And through various e-learning efforts, LinkedIn has been trying to create a bridge between the kind of learning you might do at university, and what you might do after you leave to further your career.

The behemoth also started to take baby steps into providing more insights into diversity for those doing hiring, by letting recruiters examine search results by gender; and by providing bigger insights into the wider pool of people on LinkedIn.

Part of the reason for the baby steps, I’m guessing, is that LinkedIn simply lacks the data from its users to do more faster, and so that leaves a lot of room for a rival to step in.

In that vein, it seems Handshake is trying to position itself as a platform that is considering and thinking about how to address diversity from the ground up, as a native part of its platform while it is still small and growing.

One of the ways that Handshake gets more details about its members is through its partnerships with universities, which helps to populate information about their profiles, rather than relying on a person filling out the details manually. (To register for an account, you use your university address, similar to how Facebook worked when it first launched.)

Handshake also has relationships with more than 100 minority-serving institutions, which include Historically Black Colleges and Universities, and Hispanic Serving Institutions in the U.S., to bring them and their students more closely into that fold.

On the side of employers, it includes more search features for recruiters to search using more specific parameters in the effort to make more diverse hiring choices. “Candidates who might not have the right connections or privileged background can get in front of Fortune 500 companies,” the company notes.

“Our Handshake community is tackling the so-called ‘pipeline problem’ head on. Skilled students are on every campus in every corner of the country and we’re proud to help employers discover, recruit and hire up-and-coming talent from all backgrounds,” said Garrett Lord, Handshake Co-Founder and CEO, in a statement. “Students around the world experience the same inequality in the recruiting process, so we’re excited to partner with Alastair Mitchell” — the EQT partner leading the investment — “and EQT Ventures to expand our impact beyond the United States.”

That’s not to say that inclusion and diversity are the only issues that Handshake is tackling.

The company cites a 2018 Strada-Burning Glass Study that says more than 43 percent of graduates are underemployed — either not earning their full potential, or doing a job that doesn’t utilise their skills — in their first job out of college . “Of those who graduate underemployed, 50% remain underemployed 10 years after graduation.” There is, in other words, a big employment gap specifically with recent grads, and while many will land plum positions, many others flail, and the idea is that Handshake will help specifically to address that by improving how well people are matched to positions that are open.

This is, in fact, an interesting counterpoint to the fact that we also have a lot of ageism in certain fields, where older people are often overlooked — perhaps another niche market that is ripe for tackling?

Handshake today makes money much in the same way that LinkedIn does: it offers paid usage tiers for its users to unlock more features. In the startup’s case, a Premium employer tier called the Talent Engagement Suite was recently launched to let organizations search by diversity parameters and other more specific criteria. That appears to be the path that Handshake plans to follow going ahead, doubling its team to 200 with more people in product and engineering roles to build out more analytics and search and recommendations algorithms.

It’s also making some key hires for the next age. Christine Y. Cruzvergara, ex-Associate Provost and Executive Director for Career Education at Wellesley College, is joining as VP of Higher Education and Student Success, to work with institutions precisely on more inclusive initiatives and products.

“CZI is thrilled to support Handshake as it connects talented students to career opportunities that enable them to reach their full potential,”  said Vivian Wu, Managing Partner of Ventures at the Chan Zuckerberg Initiative, in a statement. “Handshake’s approach – expanding access, building student community and support, and showcasing accomplishments beyond college and degree – produces real results, especially for young people from communities that haven’t had access to high quality job and life opportunities.”

 


Source: TechCrunch

Apple pulls WatchOS 4.1 update after it bricked some Apple Watches

PSA: If you’re an Apple Watch owner who is having trouble finding the shiny new WatchOS 4.1 update that Apple just shipped, it isn’t quite ready yet.

Apple initially shipped the update on Tuesday alongside iOS 12.1, but it quickly pulled it hours later following reports that it bricked some Series 4 watches. A number of customers affected took to Reddit and Twitter to warn of the issues, which were first reported by 9to5Mac and caused some watches to be stuck on the loading screen.

The update is no longer available, but Apple told those who did download it and now have bricked a watch that it is working on a fix that’ll ship as soon as possible.

“Due to a small number of Apple Watch customers experiencing an issue while installing watchOS 5.1 today, we’ve pulled back the software update as a precaution,” it said in a statement. “Any customers impacted should contact AppleCare, but no action is required if the update installed successfully. We are working on a fix for an upcoming software update.”

The Watch drama comes less than 24 hours after Apple unveiled a new and larger version of the iPad Pro and a revamped MacBook Air model at an event in New York. Other goodies revealed included a new Mac Mini, a magnetic Apple Pencil and an expansion to its ‘Today at Apple’ program. Next up is the company’s earnings on Thursday, although affected Watch owners will hope that the patched WatchOS update arrives sooner.


Source: TechCrunch

China's Five Steps for Recruiting Spies in the US

A series of high-profile cases involving alleged Chinese recruits shows how the country identifies and develops potential spies stateside.
Source: Wired

Calling the Caravan's Migrants "Diseased" Is a Classic Xenophobic Move

The migrants almost certainly do not have smallpox or leprosy, a claim that is just the latest attempt to dehumanize foreigners.
Source: Wired

Apple's iPads Are Officially More Interesting Than Its MacBooks

The MacBook Air looks like a great computer. But it’s not what a great computer will look like in the future.
Source: Wired

Chat app Line’s games business raises $110M for growth opportunities

Messaging app firm Line has given up majority control of its Line Games business after it raised outside financing to expand its collection of titles and go after global opportunities.

The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor, the Korea-based game publisher that it acquired in 2017. Now the business has taken on capital from Anchor Equity Partners, which has provided 125 billion KRW ($110 million) in financing via its Lungo Entertainment entity, according to a disclosure from Line.

A Line spokesperson clarified that the deal will see Anchor acquire 144,743 newly-created shares to take a 27.55 percent stake in Line Games. That increase means Line Corp’s own shareholding is diluted from 57.6 percent to a minority 41.73 percent stake.

Korea-based Anchor is best known for a number of deals in its homeland including investments in e-commerce giant Ticket Monster, Korean chat giant Kakao’s Podotree content business and fashion retail group E-Land.

Line operates its eponymous chat app which is the most popular messaging platform in Japan, Thailand and Taiwan, and also significantly used in Indonesia, but gaming is a major source of income. This year to date, Line has made 28.5 billion JPY ($250 million) from its content division, which is primarily virtual goods and in-app purchases from its social games. That division accounts for 19 percent of Line’s total revenue, and it is a figure that is only better by its advertising unit, which has grossed 79.3 billion JPY, or $700 million, in 2018 to date.

The games business is currently focused on Japan, Korea, Thailand and Taiwan, but it said that the new capital will go towards finding new IP for future titles and identifying games with global potential. It is also open to more strategic deals to broaden its focus.

While Line has always been big on games, Line Games isn’t just building for its own service. The company said earlier this year that it plans to focus on non-mobile platforms, which will include the Nintendo Switch among others consoles.

That comes from the addition of NextFloor, which is best known for titles like Dragon Flight and Destiny Child. Dragon Flight has racked up 14 million users since its 2012 launch, at its peak it saw $1 million in daily revenue. Destiny Child, a newer release in 2016, topped the charts in Korea and has been popular in Japan, North America and beyond.

Line went public in 2016 via a dual U.S.-Japan IPO that raised over $1 billion.

Note: the original version of this article was updated to clarify that Lungo Entertainment is buying newly-issued shares.


Source: TechCrunch

KKR’s latest Southeast Asia bet is a $144M investment in PropertyGuru

Global investment giant KKR is warming up to Southeast Asia after it made a third high-profile investment. The firm — which has nearly $150 billion in assets under management — has cut a SG$200 million (US$144 million) check for PropertyGuru, the region’s largest property listings group.

Founded in 2006, PropertyGuru operates rental and sale listing sites in Singapore, Malaysia, Indonesia and Thailand. Prior to today’s deal (its Series D), its most recent investment came in 2015, when it raised SG$175 million from backers including TPG and Australia’s Square Peg. This new financing takes it to SG$440 million (or around $320 million) thus far. You’d imagine that the deal values PropertyGuru at/above $1 billion — the much-vaunted unicorn milestone — but the company has declined to reveal its valuation at this point.

It isn’t talking about its valuation, but PropertyGuru CEO Hari V. Krishnan did say in a statement, however, that the company is profitable, cash flow positive and seeing revenue grow at 25 percent per year. The firm claims to have a dominant 55 percent market share in the countries it operates in and it is actively working to expand that reach in Southeast Asia, a region of over 600 million consumers which has more internet users than the population of the U.S.

Indeed, in tandem with the funding news, PropertyGuru said it has completed the buyout of Vietnam-based property portal Batdongsan.com.vn, which it claims is the country’s largest property portal with over four million unique visitors per month. The site will join PropertyGuru’s collection of business through the deal, which is undisclosed and follows a strategic investment back in 2016.

Singapore is one of five markets in Southeast Asia where PropertyGuru operates

For KKR, this investment in the latest in a series of early bets that the firm has made on digital startups in Southeast Asia. The firm has put money into Indonesian ride-sharing giant Go-Jek, which is backed by the likes of Tencent and Google and now said to be worth $9 billion, and Philippines-based fintech venture Voyager, which is also backed by Tencent following a recent $175 million deal. It also invested in Thailand-based e-commerce enabler aCommerce via its Emerald Media fund last year.

In a statement, KKR’s head of Southeast Asia, Ashish Shastry, paid tribute to PropertyGuru which he said has “clearly established itself as the Southeast Asian champion in the online property space.”

PropertyGuru is not alone in digitizing real estate, and its rivals in Southeast Asia include iProperty, a business that’s listed on the ASX in Australia and Singapore-based startup 99.co — which counts Facebook co-founder Eduardo Saverin among its backers and had a litigation battle with PropertyGuru. There, of course, plenty of single-market businesses that operate across various Southeast Asian countries.


Source: TechCrunch

Twitter debuts #Midterms2018, but trolls already discovered it – CNET

Tweets with hashtags like #BuildTheWall, #JobsNotMobs and #BlueWave are being surfaced.
Source: CNET

Apple pulls Watch OS 5.1 update – CNET

The software update, which hit alongside iOS 12.1, appears to have bricked some Series 4 Apple Watches.
Source: CNET

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